Quick facts: Hilo, HI

Quick Facts

145.3
Cost of Living
above US average
47,627
Population
18.06
Crime Rate per 1000
below US average
$75,589
Median Income
below US average
$550,000
Median House Price
above US average
$3235.27
Average Rent
above US average
11%
Poverty Rate
above US average
3.9%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $75,589.

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Income Needed to Buy

βœ— Stretch
$173k/year
Based on $550,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $173k vs median $75,589
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Income Needed to Rent

⚠ Stretch
$139k/year
Based on $3235.27/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $139k vs median $75,589
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Hilo, HI

Hilo is a charming town located on the Big Island of Hawaii, serving as the county seat of Hawaii County. Known for its lush landscapes and vibrant culture, Hilo is surrounded by stunning natural beauty, featuring waterfalls, rainforests, and the Pacific Ocean. The town enjoys a tropical climate, characterized by warm temperatures and abundant rainfall, which contributes to its lush greenery. Hilo boasts a rich history, with a diverse population and a unique blend of native Hawaiian and multicultural influences. Visitors can explore the Lyman Museum, which showcases the island's history and natural environment, and stroll through the Hilo Farmers Market, brimming with fresh produce, local crafts, and delicious food. Culturally significant sites include the historic Hilo Palace Theater and the scenic Liliuokalani Gardens, ideal for leisurely walks and picnics. Hilo also serves as a gateway to attractions such as Hawaii Volcanoes National Park, where the famous Kilauea volcano can be observed. With its relaxed vibe, stunning scenery, and a sense of community, Hilo is an ideal destination for those seeking to experience the spirit of Hawaii.

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